DX.Exchange Have Closed “Temporarily”

DX.Exchange Have Closed “Temporarily”

DX.Exchange has closed its door as they attempt to find a “merger or outright sell of the company”.

The news will come as a surprise to some as it has seemed all systems go for their native DXCASH and Turbo Token. However, this has seemingly not taken off in the way they had expected as last weekend they announced news of closure as they attempt to find a way by which their firm can be saved. While this has been billed as a “temporary” move, depending on how these pursuits go, it could be the end of the exchange altogether.

The official statement released by the platform stated, “The board believes this is the best opportunity for DX.Exchange to achieve success for its shareholders and compete in this challenging market. In the event a merger or sell is not completed in a timely matter then the exchange may not resume operations and take appropriate action. “

This really came out of left-field from the platform. As users were hastily informed that their deposit and trading would be suspended and all open orders being cancelled, all of which occurred the day of the announcement.

If you hadn’t heard of this new but had tokens stored on the platform, you  now have just under a week left to withdraw these, with the process as follows:

1.   A copy of the front page (with picture) of the same government ID you used to open your account.
2.   The wallet address for each cryptocurrency you hold that you want to withdrawal
3.   The amount of each withdrawal per crypto pair.
4.   A selfie of yourself holding a paper with today’s date and the words “DX Exchange”. Make sure your face is clear in the selfie.
5.   You must use the SAME EMAIL address you registered your account with.

These are the latest victims of 2019, which has already seen Cryptopia close following a hack and a Dutch firm dissolved in similar circumstances, while well-established platform, Ethinfex closed and then rebranded as DeVersifi.

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Changelly,Exchange Platforms,Listings,Trading

NEBL Latest Coin To Join Changelly

A new partnership between Changelly and the Nebilo blockchain has meant that the latter’s native token will be made available on Changelly and used for instant swaps. This will be the latest crypto assets to join the list of 150 assets already available on Changelly. However, they will be the first instant exchange service to […]

20 November, 2019
Binance,Fiat,Investment,Turkey

Binance Now Supports Turkish Lira

Binance has launched a new Turkish Lira (TRY) fiat gateway and development plans that will open up further trading possibilities in Turkey. The news came via a speech from the Binance CEO, CZ Zhao, via a keynote speech at the Turkish Capital Markets Summit. This will mean that would-be traders out there who hold Turkish […]

20 November, 2019
Europe,Exchange Platforms,Exmo,Partnership

EXMO and RACIB Discuss “Strategic Partnership”

It was revealed yesterday that cryptocurrency exchange platform EXMO and RACIB, an association focused on developers and users of blockchain and the interests of a digital economy, have undergone talks to build a new partnership together. While the talks began last week, 12th November, the news dropped just yesterday – which bodes well for the […]

19 November, 2019
DAI,DeversiFi,MakerDAO,Updates

DeversiFi are Searching for Owners of Phantom Wallets

DeversiFi have looked to their community to help find the owners of a selection of wallets that currently own DAI which may be affected as the coin prepares for an upgrade. As we have previously reported, exchange platforms are gearing up for a significant changes to MakerDAO’s stablecoin, DAI. This change will see that DAI […]

19 November, 2019
Kraken,Listings,Staking,Updates

LSK To Be Listed on Kraken Tomorrow

The token of Lisk (LSK) will go live on Kraken tomorrow afternoon, 19th November, after a news post today confirmed the listing of the DPoS token This is the second token in as many weeks to be listed on Kraken after a flurry of new additions to their trading options over the last couple of months, […]

18 November, 2019
CFD,eToro,Research,Trading

eToro’s Research Tab Helps Make “Better Trading Decisions”

CFD trading platform, eToro has stated that the research tab they offer “will help you make better trading decisions”. The exclusive option on the platform is powered by TipRanks and promises to help users attain a further level of knowledge which can help you make improved and more informed decisions about your investment choices. The […]

18 November, 2019
localbitcoins,Money Laundering,Regulation

LocalBitcoins Receives Important Accreditation

In its latest step as a company, the peer-to-peer cryptocurrency exchange, LocalBitcoins has been recognised by an important financial body in Finland to be an Official Virtual Currency Provider. This is an important event for the platform as due to recently changed legalisation in Finland, it only companies registered as such that are allowed to […]

17 November, 2019
Binance,Exchange Platforms,Mobile

A Limited-Edition HTC Exodus 1 With Binance Support Released

In a new partnership between two powerhouses in their respected fields, HTC and Binance, a new phone has been released with the benefits of both firms installed. The new device will be known as the Exodus 1: Binance Edition, due to the fact it will come with Binance-Chain support and so you can benefit from […]

16 November, 2019